DBRS Discontinues the Ratings on the Notes issued by GC FTPYME Unnim 1, F.T.A.

DBRS Ratings Limited (“DBRS”) has today discontinued the public ratings on the Notes issued by GC FTPYME Unnim 1, F.T.A. (the “Issuer”).

This action reflects the payment in full of the Notes as of 17 June 2013 (the “Effective Date”).
The source of information used for this rating includes a notification from Gesticaixa, S.G.F.T., S.A. regarding the early liquidation of the fund and early amortization of the Notes. DBRS considers the information made available to it for the purposes of providing this rating to have been of satisfactory quality.

The remaining balance and rating of the Notes before the repayment was:

• EUR 35,418,218 Series AG Notes: A (high) (sf)
• EUR 27,500,000 Series AS Notes: A (high) (sf)
• EUR 137,500,000 Series B Notes: CCC (sf)

The principal methodology is Master European Granular Securitisations (SME CLOs), which can be found on http://www.dbrs.com

For additional information on DBRS European SME CLOs, please see European Disclosure Requirements, located at http://www.dbrs.com/research/235269.

Ratings assigned by DBRS Ratings Limited are subject to EU regulations only.

Initial Lead Analyst: Carlos Silva
Initial Rating Date: 28 December 2011
Rating Committee Chair: Jerry Van Koolbergen

Lead Surveillance Analyst: Alfonso Candelas
Most Recent Rating Update: 6 December 2012
Rating Committee Chair: Jerry Van Koolbergen

Note:
All figures are in Euros unless otherwise noted.